One Cycles, with manufacturing facilities in Gujarat, has announced the launch
of their latest electric bike, Meraki S7. This is the second e-bike to be
presented by Ninety One after Meraki.
The e-bike has been priced at Rs 34,999.
One has recently closed its Series A funding of $US$ 30 million from marquee
investors such as Avaana Capital, Titan Capital, A91 Partners and Fireside
Ventures. The amount will be invested towards the state-of-the-art
manufacturing facilities in Gujarat, electric cycles portfolio and expansion
into global markets. Following the capital injection, Ninety One, the make in
India, make for the world brand from AlphaVector (India) Pvt. Ltd., is now
valued at Rs 1000 crore.
in2015, Ninety One has successfully launched a range of innovative yet
affordable products that speak to and resonate with India’s millennials and
Chopra, Co-Founder and CEO, Ninety One said, “With Meraki S7, our objective is
to introduce a well-designed, engineering-led e-bike to address the needs of
urban mobility for the consumer looking to ride 30-40 kms per day. We are among
the few players in the industry, who are driving product innovation and we are
confident that the addition of the all new Meraki S7 will strengthen the e-bike
portfolio and further enhance customer experience. The lock and key make it
tamper proof whereas E-brakes and throttle will enable safety and comfort.”
Chopra, Co-Founder and Head of Digital, Ninety One said, “Our products resonate
with the aspirations of India’s millennials and Gen-Z. At Ninety One, our focus has always been on
disrupting the bicycle and E-bike category through new-age platforms and building
a deep brand connection with our consumers. We have been investing in our
omni-channel capabilities by making it seamless for our consumers to discover,
consider and purchase Ninety One products across our digital (website and
marketplaces) and offline channels.”
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